THE Reserve Bank of Zimbabwe (RBZ) has said only the interbank market has the authority to determine the official rate, clearing the confusion around the interpretation of market-determined exchange ...

The Reserve Bank of Zimbabwe (RBZ) has cleared up confusion following reports that businesses can now freely set their own ...

According to the RBZ, a “structured currency” is a currency ... as of April 4 2024 and the ZWL interbank rate as of April 5 2024. An example is provided below: US$1 = ZWL 33,903.9916; 1 ...

The interbank money market from which banks extend loans to one another has seen rates drop to the lowest level in more than 14 months, attributed to the recent reduction of the Central Bank of ...

According to the RBZ, this provides more than three times ... “They can withdraw in ZiG on demand, at the prevailing interbank exchange rate on the settlement date,” Mushayavanhu added.

Strengthening the interbank foreign exchange market ... By ensuring that the market operates effectively, RBZ can facilitate better exchange rates and greater access to foreign currency for ...